HomeNewsWorldNokia could cut 10,000-15,000 jobs worldwide
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Nokia could cut 10,000-15,000 jobs worldwide

Nokia kicked off the programme in April with a target to slash 900 million euros (USD 1 billion) of operating costs by 2018, but it has yet to give a figure for how many jobs will be reduced in total.

May 24, 2016 / 15:38 IST
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Telecom network equipment maker Nokia is likely to cut 10,000 to 15,000 jobs globally as part of a cost-cutting programme following its acquisition of Franco-American rival Alcatel-Lucent, a Finnish union representative said.
Nokia kicked off the programme in April with a target to slash 900 million euros (USD 1 billion) of operating costs by 2018, but it has yet to give a figure for how many jobs will be reduced in total.

"We haven't heard any official numbers, but based on the information from our union contacts, I would estimate the global impact of this round would likely be around 10,000 to 15,000 jobs," said Risto Lehtilahti, a trade union shop steward at Nokia's Oulu site.

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A Nokia spokeswoman declined comment on the 10,000-15,000 figure.

Nokia employs around 104,000 people worldwide. Last week the company specified its plan for its home country, saying it was cutting around 1,000 Finnish jobs, compared to an initial target of 1,300 jobs.